Understanding the Who and Why

It’s important for directors and board members to understand the motives and threat actors behind cyberattacks. It’s big business and the third-largest economy in the world. A 2023 report by Cybersecurity Magazine [9] estimated that cybercrime caused $6 trillion in global damages and is expected to cost $9.5 trillion by the end of 2024 [10]. A recent report from the World Economic Forum anticipates the costs to climb higher, exceeding $23.84 trillion by 2027 [11].